Understand the bias, discover the truth in your news. Get Started
Yahoo! Finance Article Rating

Analysis-Norway's wealth tax trades millionaires for equality

  • Bias Rating
  • Reliability

    15% ReliableLimited

  • Policy Leaning

    10% Center

  • Politician Portrayal

    N/A

Bias Score Analysis

The A.I. bias rating includes policy and politician portrayal leanings based on the author’s tone found in the article using machine learning. Bias scores are on a scale of -100% to 100% with higher negative scores being more liberal and higher positive scores being more conservative, and 0% being neutral.

Sentiments

Overall Sentiment

30% Positive

  •   Liberal
  •   Conservative
SentenceSentimentBias
Unlock this feature by upgrading to the Pro plan.

Bias Meter

Extremely
Liberal

Very
Liberal

Moderately
Liberal

Somewhat Liberal

Center

Somewhat Conservative

Moderately
Conservative

Very
Conservative

Extremely
Conservative

-100%
Liberal

100%
Conservative

Bias Meter

Contributing sentiments towards policy:

65% : With a wealth tax dating back to 1892 and a culture of openness that allows citizens to view the tax returns of others, Norway has more experience than most in squeezing the rich.
52% : Leaving Norway triggers an exit tax of 37.8% on unrealised capital gains above 3 million crowns - such as notional gains on shares that have gone up in value but are yet to be sold.
50% : The takeaway: a wealth tax will scare off some millionaires, but if set broadly enough, revenues can still be worth it.
50% : The party had raised the levy and tightened exit rules during its previous term.
42% : THE CASE FOR: EQUALITY AND REVENUE Supporters argue the tax acts as a redistributive backstop in a country that scrapped inheritance tax in 2014 and ranks among the world's wealthiest thanks to oil, shipping and fisheries.
41% : The carpenter turned real-estate tycoon says that is the price he pays to escape Norway's beefed-up wealth tax - an annual levy that has driven hundreds of millionaires abroad while underpinning one of the world's most equal societies.
41% : EXODUS OF THE WEALTHY The tax was a defining issue in Norway's election in September, which returned the Labour Party to power.
32% : Some of their pictures hang on a "wall of shame" in the offices of the small, opposition Socialist Left party.

*Our bias meter rating uses data science including sentiment analysis, machine learning and our proprietary algorithm for determining biases in news articles. Bias scores are on a scale of -100% to 100% with higher negative scores being more liberal and higher positive scores being more conservative, and 0% being neutral. The rating is an independent analysis and is not affiliated nor sponsored by the news source or any other organization.

Category
Topic
Copy link